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Latest Briefings

Update on EC proposals to amend UCITS, AIFMD, EuVECA and ELTIF to facilitate cross-border distribution

On 12 March 2018, the European Commission issued a proposal for a new regulation (the Regulation) and a new directive (the Directive) concerning the cross-border distribution of collective investment funds amending inter alia UCITS (the UCITS Directive), AIFMD, EuVECA and EuSEF (the Proposals). Please find below a summary of the main changes under the Proposals. What will change under the Proposals?

MEES: What information is required to register an exemption?

By Maria Connolly Since 1 April, it has been unlawful for a landlord to let a property with an EPC rating of below E, unless an exemption has been registered on the PRS Exemptions Register. The government has released guidance on the evidence required to register an exemption on the PRS Exemptions Register…

Getting the Deal Through: Fund Management 2018, Luxembourg edition

Fund Management traces the regulatory and legislative obligations facing fund managers balancing the need to maximise investment returns whilst also ensuring adequate investor protections in an increasingly challenging regulatory environment. Topics are written by leading experts and include: authorities responsible for fund regulation; licensing processes; territorial scope of regulation; required authorisations of fund marketing activities; […]

Financial Regulatory News Updates – April 2018

The Financial Regulatory News Updates: an overview in which Loyens & Loeff’s Banking and Finance Practice Group highlights recent legislative developments and publications of supervisory authorities in the financial markets…

Dutch coal exit proposed by new draft bill

On 19 May 2018 the Minister of Economic Affairs and Climate Policy (hereinafter: ‘the Minister’) published its draft bill (in Dutch only) on the Prohibition of the use of coal by power producers for public consultation (hereinafter: ‘the draft bill’). The basis of the draft bill derives from international (the Paris Agreement in 2015) and national (the […]

Recommended

Fixed costs:Woolf's Achilles heel?

For a time it was heretical to pick flaws in the Woolf Report. Lawyers felt duty-bound to welcome it, lest they were seen to be in any way hesitant about reform. Theoretically, it is a fine report. However, as was earlier pointed out, the actual implementation of the reforms is where the problems lie. Research […]

Crown Prosecution Service. All tail and no teeth

Many people say the CPS has failed. The CPS idea has not failed – it has never been given the chance to work. When the 1981 Royal Commission on Criminal Justice recommended that there should be an independent prosecuting service, what was proposed was fundamentally different to the CPS created. It said that within each […]

First lady lauded at dinner

Much-criticised US first lady Hillary Clinton received a rapturous welcome from the ABA at its Florida convention. Speaking at the Fellows of the Young Lawyers dinner, where she was awarded for her work on children’s rights, she made a strong plea for the retention of government funding for the Legal Services Corporation (LSC), the country’s […]

Law Soc's computer system runs five times over budget

THE LAW Society’s new computer system will cost five times more than was originally anticipated, a confidential consultants’ report reveals. The implementation of the Regis system has been characterised by “time pressures” and “errors,” says the report which estimates it will have cost £10m by the time it is fully installed, compared to the original […]

In brief: Small claims gets the thumbs-up

The majority of litigants who use the county court small claims procedure are satisfied with the way their cases are dealt with, according to a report, Small Claims Procedures in County courts in England and Wales, funded by the Economic & Social Research Council, the Lord Chancellor’s Department and the Office of Fair Trading. The […]

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